Rate of Return if State Occurs State of Economy Boom Bust Probability of State of Economy 0.76 0.24 Stock A 0.05 0.15 Stock 8 Stock 0.33 0.15 0.19 -0.01 a. What is the expected return on an equally weighted portfolio of these three stocks? 16.07% 18.57% 28.10% 30.87% b. What is the variance of a portfolio invested 20 percent each in A and B and 60 percent in C